M&A Deal Summary

Glodyne Technoserve Acquires Comat Technologies Pvt.

On June 10, 2011, Glodyne Technoserve acquired business services company Comat Technologies Pvt. from Avigo Capital Partners Pvt.

Acquisition Highlights
  • This is Glodyne Technoserve’s 1st transaction in the Business Services sector.
  • This is Glodyne Technoserve’s 1st transaction in India.

M&A Deal Summary

Date 2011-06-10
Target Comat Technologies Pvt.
Sector Business Services
Buyer(s) Glodyne Technoserve
Sellers(s) Avigo Capital Partners Pvt.
Deal Type Add-on Acquisition

Target

Comat Technologies Pvt.

Bangalore, India
Comat Technologies Pvt. Ltd., a social enterprise, provides access to information and transformational services for the rural citizens in India. It offers employability training, education, insurance, finance, banking, and government services.

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Buyer(S) 1

Buyer

Glodyne Technoserve

Mumbai, India

Category Company
Founded 1997
Sector Information Technology
Revenue 20.9B INR (2013)
DESCRIPTION

Formed in 1997, Glodyne Technoserve Ltd. provides technology infrastructure management services (IMS) in India and internationally.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2011 M&A 1 of 1

Seller(S) 1

SELLER

Avigo Capital Partners Pvt.

New Delhi, India

Category Private Equity Firm
Founded 2003
PE ASSETS 365M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Avigo Capital Partners Pvt. Ltd. is a private equity firm that targets investments in small and medium-sized companies operating in India. The Firm looks to invest $5 to $20 million in companies generating at least $15 million in revenues. Avigo will consider investing in a variety of sectors, including engineering, manufacturing, industrial services, infrastructure, education, media and healthcare services. Prospective transaction types include buyouts, acquisition financings and growth capital financings. Avigo Capital Partners Pvt Ltd. Was formed in 2003 and is based in New Delhi. As of October 2015, Avigo Capital Partners is no longer investing.


DEAL STATS #
Overall 2 of 3
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: India M&A 2 of 3
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-19 Super Religare Laboratories

New Delhi, India

Super Religare Laboratories Limited (Formerly SRL Ranbaxy Ltd.) is one of the leading pathology laboratory network in India, servicing nearly 1550 hospitals/path labs and over 50,000 doctors. SRL along with its subsidiary SRL Diagnostics Private Limited performs over 33,000 tests/day and catered to approximately 4.20 million customers during the nine month period ended December 31, 2010, offering a comprehensive range of over 3,300 diagnostic tests, from the routine to the highly specialized tests.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-18 Maharana Infrastructure & Professional Services Private

Kanpur, India

Maharana Infrastructure and Professional Services Pvt. Ltd. provides customized infrastructure development, human resources consultancy, information technology (IT) consulting, and marketing solutions primarily for educational, health, and commercial sectors.

Buy -